£5m disposal of Halarose to Idox PL

Kinetix Corporate Finance acted for Halarose Holdings Limited, a supplier of electoral back office software and services to UK local authorities in its £5m sale to Idox PLC in August 2017.

Halarose, originally established in 1978 and based in Oxfordshire, develops, markets, sells and supports a range of electoral back office software and services to UK local authorities. Halarose's 76 clients include some of the largest local authorities in the UK including Birmingham, Leeds, Lothian and Lanarkshire. The £5.0 million consideration comprised £3.5 million in cash and £1.5 million in shares.